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Business trends

Strategies of Japan's top two airline rivals diverge

ANA aims for aggressive growth, while JAL focuses on shareholder returns

ANA Holdings and Japan Airlines have outlined contrasting strategies in their respective medium-term business plans released recently.

TOKYO -- Japan's top two airlines, which have long taken similar strategies, have indicated differing focuses in their medium-term business plans announced recently.

ANA Holdings' plan emphasizes an increase in investment, while Japan Airlines is focusing on rewarding shareholders, with investors already appearing to view ANA as a growth stock and JAL as a value holding.

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